Korea

You can find information on cover opportunities for export business in Korea here.

Country risk classification

Low riskHigh risk

0

1

2

3

4

5

6

7

The risk classification reflects the risk that a buyer cannot pay due to political risks in the country. The higher the figure, the higher the risk.

EKF's cover policy

Garanties without creditframe

Up to 1 year

1-5 years

Over 5 years

Bank

EKF accepts creditworthy banks.

Govermental buyer

EKF accepts guarantees from the Ministry of Finance. EKF considers cover of other public buyers on a case-by-case basis.

Private buyer

EKF accepts all creditworthy buyers.

Bank

Garanties without creditframe

EKF accepts creditworthy banks.

Up to 1 year

EKF accepts creditworthy banks.

1-5 years

EKF accepts creditworthy banks.

Over 5 years

EKF accepts creditworthy banks.

Govermental buyer

Garanties without creditframe

EKF accepts guarantees from the Ministry of Finance. EKF considers cover of other public buyers on a case-by-case basis.

Up to 1 year

EKF accepts guarantees from the Ministry of Finance. EKF considers cover of other public buyers on a case-by-case basis.

1-5 years

EKF accepts guarantees from the Ministry of Finance. EKF considers cover of other public buyers on a case-by-case basis.

Over 5 years

EKF accepts guarantees from the Ministry of Finance. EKF considers cover of other public buyers on a case-by-case basis.

Private buyer

Garanties without creditframe

EKF accepts all creditworthy buyers.

Up to 1 year

EKF accepts all creditworthy buyers.

1-5 years

EKF accepts all creditworthy buyers.

Over 5 years

EKF accepts all creditworthy buyers.

Other terms of cover

EKF may approve transactions below DKK 25 million based on a case-by-case assessment regardless of other conditions applying to the country.

Status on bills of exchange

Approved.

Guarantees in local currency

Approved for transactions up to DKK 25 mill. For larger transactions contact EKF.

General assumptions for EKF's risk assessments: This information constitutes EKF’s guideline country cover policy at publishing date. The policy is not binding for EKF regarding specific applications for export credit guarantees. Before any commitment is made based on the country cover policy, we recommend contacting EKF for further advice.